SUI prices tests The main support zone as pale and piercing volumes

SUI is traded in a large high-time support region of several technical immigration in its favor. As a compressed pricing and volume, all eyes are at this level for a potential macro turnaround. Will the customer come in or will this structure break?

Sui (Sui) It is currently placed on a crucial support zone at higher time frames. This area is supported by strong esteem, including control point from VVAP, daily support and weekly support – all aligning to create a high probability trade location. With volume narrowing and structure shows signs of compression, it may be calmly before a significant move.

Key technical points

• HTF support with multiple levels: Gentlemity VVAP POC, daily support and weekly support strengthens zone.
• Fall in volume signals Setting the interruption: The decrease in volume suggests that consolidation is approaching resolution.
• Double potential of the lower part: A successful re-result here could confirm the reverse structure at the high time.

The current support zone combines several high-time frame levels, including the VVAP point of control and day and weekly support / resistance lines. The price is respected for some time this region, suggesting that the market participants see as a key point of decision. This type of technical cluster is often a catalyst for large directional moves.

The price of the price forms consecutive lower high and lower falls, but the tempo of the fall is clear to slow down. This loss in swing, together with the decline, usually signals a consolidation period that precedes extension. The volume profile shows a tightening range, indicating that customers and sellers are currently in balance, for now.

If this support is held and the next re-score defended, it could lead to the formation of a double bottom of high time, a well-known reverse structure. However, the certificate will only come with an interruption above the local range of high, ideally supported by a clear increase in volume. Without this, it remains the scope of consolidation, and the risk of decomposition still exists.

What’s next for sui price?

As long as SUI combines above this support zone, the probability aid in the game. Traders should look at a sharp increase in volume, because it would signal the beginning of the new directional leg, potentially ending the current trends. However, failure to this level would not undo the bullish thesis and could open the door with deeper meters of the lower side.